Embraer S.A. (NYSE:ERJ) Stake Lowered by Channing Global Advisors LLC

Channing Global Advisors LLC cut its holdings in Embraer S.A. (NYSE:ERJ) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,319 shares of the aerospace company’s stock after selling 10,549 shares during the period. Embraer makes up 1.9% of Channing Global Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Channing Global Advisors LLC’s holdings in Embraer were worth $2,799,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ERJ. Signaturefd LLC boosted its holdings in Embraer by 7.9% in the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Embraer in the third quarter worth $242,000. OneDigital Investment Advisors LLC bought a new stake in Embraer during the third quarter valued at about $252,000. Oppenheimer & Co. Inc. bought a new stake in Embraer during the third quarter valued at about $253,000. Finally, Ballentine Partners LLC bought a new stake in Embraer during the third quarter valued at about $259,000. 34.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and upped their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and an average price target of $40.50.

Embraer Stock Down 0.8 %

Shares of ERJ opened at $41.72 on Wednesday. The company has a 50-day simple moving average of $38.64 and a 200-day simple moving average of $35.90. The firm has a market capitalization of $7.66 billion, a P/E ratio of 15.34 and a beta of 1.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a 52 week low of $17.46 and a 52 week high of $46.10.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.